| (USD) | Dec 2023 | Q/Q |
|---|---|---|
| Revenue | 390.2MM | -3% |
| Gross Profit | 58.3MM | -12% |
| Cost Of Revenue | 331.9MM | -1% |
| Operating Income | 20.7MM | -23% |
| Operating Expenses | 37.6MM | - |
| Net Income | -2.6MM | -113% |
| R&D | 3.1MM | -1% |
| G&A | 32MM | -5% |
| Interest Expense | 2.6MM | -34% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Titan International, Inc. will release its first quarter 2024 financial results after the close of the market on Wednesday, May 1, 2024 to be followed by a teleconference and webcast on Thursday, May 2, 2024 at 9:00 a.m. Eastern Time.
By Thomas Kerr, CFA NYSE:TWI READ THE FULL TWI RESEARCH REPORT Carlstar Acquisition On February 29, 2024, Titan (NYSE:TWI) announced the acquisition of Carlstar Group LLC for approximately $296 million in a transaction consisting of cash and stock, which closed on the same day. The transaction price represents a multiple of approximately 4x Carlstar's full year 2023 adjusted EBITDA of $73 Million
Titan International, Inc. (NYSE:TWI) Q4 2023 Earnings Call Transcript February 29, 2024 Titan International, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning ladies and gentlemen and welcome to the Titan International, Inc. Fourth Quarter 2023 Earnings Conference […]
Q4 2023 Titan International Inc Earnings Call
Despite Sales Decline, Company Maintains Margins and Completes Strategic Acquisition
Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $296 million in a transaction consisting of cash and stock, which closed on February 29, 2024, subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration. The transaction price represents a
Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today reported results for the fourth quarter and year ended December 31, 2023.
Titan International, Inc. will be issuing fourth quarter 2023 financial results the morning of Thursday, February 29, 2024, at approximately 6AM Eastern Time. The teleconference and webcast will be at the previously announced date and time on Thursday, February 29, 2024, at 9:00 a.m. Eastern Time.
Key Insights Given the large stake in the stock by institutions, Titan International's stock price might be vulnerable...
Titan International, Inc. will release its fourth quarter 2023 financial results, after the close of the market on Wednesday, February 28, 2024 to be followed by a teleconference and webcast on Thursday, February 29, 2024, at 9:00 a.m. Eastern Time.